Dismissed
Shamli Paper Mills v. Punjab National Bank and Ors.
Case brief
AI extract
What is this about?
The High Court dismissed the appeal filed under Section 20 of the RDB Act, 1993 due to non-deposit of the mandatory 25% pre-deposit required under Section 21. The court directed the appellant to deposit the amount, or the appeal will be dismissed. If deposited, the case will be listed for waiver hearing.
What did the court decide?
Appeal dismissed for want of mandatory pre-deposit; appellant directed to deposit 25% or file will be dismissed.